Petrochemical Headlines
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Odebrecht Said to Plot Survival Plan After Record Graft Fine
(Tuesday, January 17, 2017) The sprawling organization reportedly plans to focus on just two business sectors: the construction arm and petrochemical producer Braskem SA, which together account for 84 percent of the group's revenue.

SNC-Lavalin Wins Contract Extension from Saudi Aramco
(Thursday, January 12, 2017) Projects will include onshore oil and gas production and processing facilities, building and infrastructure projects, as well as refining and petrochemical facilities.

Republicans Pass Sweeping Bill to Reform 'Abusive' U.S. Regulation
(Thursday, January 12, 2017) In a 238-183 vote, the House passed the "Regulatory Accountability Act," which combined eight bills aimed at changing how the vast government bureaucracy runs. Only five Democrats voted for it.

Process Safety Management: Overcoming the Silo Factor
(Wednesday, January 11, 2017) Review of process safety risk assessments detects a common culprit.

Slumping Fertilizer Makers Turn to High-margin Industrial Uses
(Wednesday, January 11, 2017) Makers of fertilizers that boost corn and palm growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump.

Iran Seeks Investors for 25 Petrochemical Projects
(Monday, January 09, 2017) Iran is seeking investment to build 25 petrochemical projects, an official at the state-run National Petrochemical Company (NPC) was quoted on Saturday as saying.

Arkema to Upgrade Texas Acrylics Facility
(Monday, January 09, 2017) Arkema is investing US$90 million on its Clear Lake, Texas, site to replace existing acrylic acid production units with modern facilities using the latest available technologies.

Kuwait's Equate Petrochemical to Launch Dollar Sukuk Soon - Sources
(Friday, January 06, 2017) Kuwait's Equate Petrochemical is expected to launch in the first quarter, and potentially as soon as this month, a U.S. dollar sukuk issue, sources familiar with the situation said on Thursday.

INEOS Shale Not Fracking in Sherwood Forest
(Wednesday, January 04, 2017) INEOS Shale has told Rigzone that it is not fracking in Sherwood Forest, despite statements from environmental group Friends of the Earth on the contrary.

Contract for Azerbaijan Gas-Petchem Project Goes to Technip
(Wednesday, January 04, 2017) Technip secures a contract from Socar GPC for the development of the process and engineering design of all process units included in a new gas and petrochemical plant, located in Garadagh, Azerbaijan.

SK Innovation to Invest Up to $2.5 Bln in 2017 to Boost Growth
(Monday, January 02, 2017) SK Innovation Co Ltd, which owns South Korea's top refiner SK Energy, said on Sunday it will spend up to 3 trillion won ($2.49 billion) in chemicals, oil exploration and battery businesses to boost its global growth.

Gassco Receives Consent for Major Modification Work at Karsto Facility
(Wednesday, December 28, 2016) Gassco AS has been granted consent for major modifications at the Karsto gas and condensate facility in Norway.

British Shale Gas Gets Boost from Court Ruling on Permit
(Tuesday, December 20, 2016) Britain's High Court ruled on Tuesday that a fracking permit awarded by a local council to developer Third Energy was legal, after it was challenged by environmental campaigners, opening the way to shale gas extraction in the UK.

Thai IRPC to Invest $280 Mln to Expand Petchem Output Capacity in 2017
(Thursday, December 15, 2016) Thailand's integrated oil refiner IRPC Pcl plans to invest 10 billion baht ($280 million) next year with an aim to expand the production capacity of a petrochemical product and boost its long-term earnings growth, a top executive said.

EU Lawmakers Adopt Draft Reform of Carbon Market
(Thursday, December 15, 2016) Lawmakers in the European Parliament Environment Committee on Thursday adopted a long-awaited draft proposal for a reform of the carbon market after 2020, including a higher rate at which permits should be removed from the market.

S.Korea's Lotte Chemical to Invest About $215 Mln to Add Ethylene Capacity
(Monday, December 12, 2016) The expansion plan comes as the South Korean government has called on Korean petrochemical companies to sharpen their competitiveness amid growing competition from China.

Saudi's Sadara to Supply Feedstock to Saudi Rufayah Chemicals
(Monday, December 12, 2016) Under the deal, Saudi Rufayah Chemicals will use the aromatics concentrate (Pygas) and Pyoil supplied by Sadara for its new chemical complex planned for the PlasChem Park in Jubail.

Saudi's Sipchem Says Affiliate Signs 542.6 Mln Riyal Efficiency Contract
(Thursday, December 08, 2016) An affiliate of Saudi International Petrochemical Co (Sipchem) signed a contract with South Korea's eTEC E&C for work costing 542.6 million riyals ($144.6 million) to raise the efficiency of operations at its methanol plant in Jubail.

Canada Set to Agree Carbon Price, Marking Climate Split with Trump
(Wednesday, December 07, 2016) Canada's government and 10 provinces are set to agree a national carbon price on Friday, doubling down on a bid to cut greenhouse gas emissions just weeks before avowed climate change skeptic Donald Trump becomes U.S. President.

Indonesia Cuts Gas Prices for Some Companies from 2017 - Energy Ministry
(Tuesday, December 06, 2016) Indonesia on Tuesday told energy companies to cut natural gas prices for fertilizer, steel and petrochemical industries starting Jan. 1, 2017, in a renewed effort to bring down domestic gas prices.




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